Chanuka Ratwatte and four others have been arrested by the FCID today (14th) morning in connection with an alleged financial fraud of Rs. 12 billion.
In January this year the passports of six former Entrust Securities’ directors including Chanuka Ratwatte and the former General Manager Sanjeeva Dayaratna were impounded by the Colombo Magistrate’s Court.
Entrust Securities, a primary money market dealer run by the family of former Minister Anuruddha Ratwatte, collapsed and its depositors were inconvenienced.
There was speculation that over Rs. 6 billion of funds at the Entrust Securities PLC has been unaccounted for.